1. Business
May 10, 2017updated 27 Jan 2022 2:27pm

Global oil and gas capex is going to fall by more than $100bn in four years

By GlobalData Energy

Global oil and gas production spend is expected to decrease by 0.3 percent between 2017–2021 from $443bn in 2017 to $315bn in 2021.

Total production outlook is expected to decrease to 57.22bn barrels of oil from 2017 to 2021.

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